The term ‘stagflation’ is hopefully one you’ll only ever hear once or twice in your lifetime. As it seldom occurs in our economy and really isn’t good news. Right now, our economy has a one-way ticket to stagflation and here’s why:
As the name would suggest, stagflation occurs when your economy starts to stagnate. This typically will include slowing economic growth, rising inflation. And rising unemployment. Also, just to name a few. Host Andrew Baxter says that is exactly what you don’t want for a healthy economy. And rather, you want growing economic activity and inflation under control to maintain strength.